BOJ likely to increase key interest rate later this week

The Bank of Japan is likely to raise its key short-term interest rate from around 0.25 percent to 0.5 percent at its two-day policy meeting later this week, sources close to the matter said Tuesday.The Japanese central bank is expected to decide on Friday that a rate increase to a level unseen since October 2008 is feasible, as financial markets remained largely undisturbed after U.S. President Donald Trump's inauguration, the sources added.His inauguration speech, including his plan to introduce tariffs, was within the expectations of many market players, paving the way for the BOJ to incr…READ FULL ARTICLE